Monday, August 20, 2012

Apple Market Capitalization Hits $623 Billion

Apple is now Wall Street's all-time most valuable stock, today it hit a market cap of $623 billion. It is now worth  53 percent more than No. 2 Exxon Mobil.

Who knew this would happen and is there more upside?

Back in February when the market cap was only $443 billion, James Altucher predicted the stock would go to a trillion market cap by the end of this year.

1 comment:

  1. I don't think it will go to a trillion market cap by the end of the year (I'd worry if it did), but I agree with James Altucher that it will probably go there. Apple has a great momentum, so I think it will just keep growing. The iPad, iPhone, iPod, Macbook, iTV and the entire iCloud sync thing is really working for them. No other company offers that. I've said it before that one could buy a Samsung tablet, Nokia phone, Microsoft Zune, Dell laptop, LG TV... but these things will never work with each other. They all have different software, hardware and cloud-based systems. It would be a complete nightmare trying to sync all those things. Apple; on the other hand, has it all. They've managed to build great hardware AND great software. The OS X Mountain Lion itself is a million times better than this peace of crap Windows 8. Unless Microsoft starts developing software for Apple, they will be the next Nokia. That's my prediction for Microsoft in 10-12 years time.